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Author Topic: I guess this is what we see happen now  (Read 2690 times)
kireinaha
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December 18, 2013, 10:46:26 PM
 #21

This time some people seriously got hurt.  That's what is bad about the bulls hyping things up.  People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.

Most say here: never invest money you cant loose.
I hope all follow this advice

Never invest money you can't afford to wait 2 years for.

Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip?  and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit.

Yup, only a few weeks ago people were proposing loans from banks or their 401k and -- to their credit -- many of the posters on here advised against it. But it was frightening to see how many actually urged them on like it was a good idea. At the time, it was treated around here as a given that we'd see a price of $2,000 USD minimum by the end of December. Of course, no one will fess up to this now, but you all know who you are  Wink

Night gathers, and now my bitcoinwisdom watch begins.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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wachtwoord
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December 18, 2013, 10:48:10 PM
 #22

This time some people seriously got hurt.  That's what is bad about the bulls hyping things up.  People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.

Most say here: never invest money you cant loose.
I hope all follow this advice

Never invest money you can't afford to wait 2 years for.

Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip?  and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit.

Yup, only a few weeks ago people were proposing loans from banks or their 401k and -- to their credit -- many of the posters on here advised against it. But it was frightening to see how many actually urged them on like it was a good idea. At the time, it was treated around here as a given that we'd see a price of $2,000 USD minimum by the end of December. Of course, no one will fess up to this now, but you all know who you are  Wink

In Bitcoin right now has always been the best time to buy.
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December 18, 2013, 11:05:59 PM
 #23

In Bitcoin right now has always been the best time to buy.

After every crash is good time to buy. Dont know if right under $400 was the bottom though
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December 18, 2013, 11:11:57 PM
 #24

Dude, no-one know what "after a crash" is until after the fact. Therefore "right now" is ALWAYS the best time to buy.
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December 18, 2013, 11:22:34 PM
 #25

Dude, no-one know what "after a crash" is until after the fact. Therefore "right now" is ALWAYS the best time to buy.

How about just buying bitcoin because they're awesome?
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